Except as otherwise provided in the GAA, the stock on hand of supplies, materials and equipment spare parts, acquired through ordinary and emergency purchase, shall at no time exceed the normal time requirement of how many months?

PSMS Session 4.1

Quiz
•
Professional Development
•
Professional Development
•
Hard
Edgie Polintan
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
1 month
2 months
3 months
4 months
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A method wherein the latest demand figure is added to the running sums and the oldest demand subtracted:
Moving average
Last period technique
Experimental smoothing method
Averaging technique
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Two (2) months’ supply is determined by computing the average monthly consumption of the agency for the last ______ months plus 10% allowance for contingencies multiplied by two (2).
3 months
6 months
9 months
12 month
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Failure to deliver within the prescribed period shall render the supplier/contractor liable for penalty, usually in the form of liquidated damages in the amount of one-tenth of one percent of the total cost of undelivered items in the contract shall be deducted for every day of delay.
True
False
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Once the stock level reaches ROP, an order is initiated for additional stock
True
False
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Extension of time of delivery may be granted only when?
In cases of force majeure or fortuitous event, or an act of God
Any reason beyond the control of the contractor
Delay is attributable to the owner or the like
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All supplies shall be adequately contained, packed, crated, cased, bundled, wrapped or sealed to prevent damage, spoilage and loss. They must be plainly labelled and marked on the outside showing the exact contents.
True
False
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